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Facebook App: Open links in External Browser
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Facebook App: Open links in External Browser
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On a bright September morning, San Juan’s waterfront erupted in confusion: a man leapt from a docked cruise ship, was hauled from the sea by jet skiers, and landed in federal custody. Behind the spectacle lay gambling debts and undeclared cash.
A Leap That Stopped a Port in Its Tracks
The jump came just after breakfast, when passengers were shuffling down gangways and porters were loading luggage onto trolleys. At around 9:15 A.M. on September 7, witnesses say a passenger hurled himself from Royal Caribbean’s Rhapsody of the Seas as it idled at San Juan’s pier.
The ship towers twelve decks above the harbor. Authorities have not said which level the man, identified as Jey Gonzalez-Diaz, chose, but hundreds of…
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Former WashREIT warns of layoffs, details liquidation and golden parachutes The Business Journals
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Vehicle Direct operated as a used car dealership on Auckland’s Great South Rd.
According to the liquidator’s report, Vehicle Direct experienced significant financial difficulties in the period leading up to liquidation.
“The contributing factors included an inability to adequately recover costs, liabilities arising from guarantees, and challenging economic conditions,” the report said.
“External influences, increased competition, and rising operating costs further eroded profitability.”
The report said the company faced a lack of sales, excessive overheads – including interest payments – and insufficient working capital to sustain ongoing operations.
“These combined pressures placed unsustainable strain on the company’s…
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‘We fought as hard as we could’: Cheese company in liquidation The Press
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High-profile ABS owner cleared of wrongdoing over payments Legal Futures
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Howarth: Should not have faced proceedings, says judge
The man who founded now-defunct Stobart Barristers and then bought two well-known criminal law firms, has been cleared of any wrongdoing around his business’s insolvency.
Insolvency and Companies Court Judge Barber found that Trevor Howarth “has at all material times acted responsibly and with integrity” as a director of now-defunct alternative business structure One Legal.
“He very properly sought and acted on the advice of a specialist firm of insolvency practitioners for several months prior to placing the company into a CVA [company voluntary arrangement].”
The claim was brought on assignment by Manolete Partners, the insolvency litigation funder, over payments totalling…
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